The Form files created by this new version of FORM IT! are different than any versions before 1.6. This new version will be able to convert and use any Form Templates created by any older versions, but the older versions of FORM IT! will no longer be able to use it. You should only convert a copy of any older Form It! files in case of any problems.
If the Form file you are going to convert has an associated data file which you wish to bring into the new form, you should set the export delimiter as a comma delimited file and make sure to export ALL fields (in the Preferences Dialog) using the older version of Form It! Next, export all records into a text file. After the conversion process using the new Form It!, all you need to do is import the text file you just made!
From within the new Form It!, open the form file you want to convert. An alert will warn you about the conversion process. Select to convert the file and after the conversion process is complete you should select the "Page Setup" option from the "File" menu and set it appropriately if it isn't already. Next, you must reposition the background PICTure (if there is one) into the center of the gray rectangle of the form, then you must reposition all the fields into their proper places. Save the form and that's it!